Zhou, Sheunesu - In: African Journal of Economic and Management Studies 12 (2021) 3, pp. 453-469
Purpose: The aim of this paper is to analyse the relationship between public debt, corporate debt service costs and … domestic public debt crowding out private capital formation, whereas external debt crowds-in capital formation. Debt service … between public debt and private investment is heterogeneous depending on a given economy or prevailing macroeconomic …